JinkoSolar (NYSE:JKS) Upgraded to Hold at StockNews.com

JinkoSolar (NYSE:JKS) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

Other research analysts have also issued research reports about the stock. The Goldman Sachs Group dropped their price objective on shares of JinkoSolar from $21.00 to $18.00 and set a “sell” rating for the company in a report on Tuesday, September 3rd. Roth Mkm cut their price target on shares of JinkoSolar from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Wednesday, September 4th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat, JinkoSolar presently has an average rating of “Hold” and a consensus target price of $24.60.

JinkoSolar Trading Up 2.8 %

NYSE JKS opened at $20.12 on Wednesday. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 3.14 and a beta of 0.40. JinkoSolar has a twelve month low of $16.70 and a twelve month high of $38.65. The company has a quick ratio of 0.79, a current ratio of 1.08 and a debt-to-equity ratio of 0.76. The business’s fifty day moving average is $19.79 and its 200 day moving average is $23.01.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Headlands Technologies LLC grew its stake in JinkoSolar by 607.7% during the second quarter. Headlands Technologies LLC now owns 4,048 shares of the semiconductor company’s stock worth $84,000 after purchasing an additional 3,476 shares during the period. Barometer Capital Management Inc. bought a new stake in shares of JinkoSolar in the 4th quarter valued at $126,000. Daiwa Securities Group Inc. lifted its position in shares of JinkoSolar by 117.1% during the 1st quarter. Daiwa Securities Group Inc. now owns 7,600 shares of the semiconductor company’s stock valued at $191,000 after acquiring an additional 4,100 shares during the period. Banco BTG Pactual S.A. bought a new position in JinkoSolar during the first quarter worth $207,000. Finally, Harel Insurance Investments & Financial Services Ltd. grew its holdings in JinkoSolar by 43.3% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 11,659 shares of the semiconductor company’s stock worth $242,000 after purchasing an additional 3,521 shares during the period. 35.82% of the stock is owned by institutional investors.

About JinkoSolar

JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots. It also provides solar system integration services; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects.